Hasbro (NASDAQ:HAS) Posts Earnings Results, Beats Estimates By $0.34 EPS

Hasbro (NASDAQ:HAS) issued its quarterly earnings data on Wednesday. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34, RTT News reports. The business had revenue of $757.30 million for the quarter, compared to the consensus estimate of $739.84 million. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The firm’s revenue was down 24.3% compared to the same quarter last year. During the same period last year, the business earned $0.01 EPS.

Hasbro Trading Up 7.9 %

Shares of HAS opened at $62.75 on Wednesday. The stock has a fifty day moving average price of $53.64 and a two-hundred day moving average price of $50.95. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13. Hasbro has a 52-week low of $42.66 and a 52-week high of $73.57. The company has a market cap of $8.71 billion, a price-to-earnings ratio of -5.42, a PEG ratio of 0.97 and a beta of 0.74.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.46%. The ex-dividend date is Tuesday, April 30th. Hasbro’s dividend payout ratio is -26.12%.

Analyst Ratings Changes

A number of research firms have issued reports on HAS. DA Davidson reaffirmed a “neutral” rating and issued a $52.00 target price on shares of Hasbro in a report on Tuesday, March 26th. Roth Mkm raised their target price on Hasbro from $60.00 to $65.00 and gave the company a “buy” rating in a report on Monday, April 8th. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday. Jefferies Financial Group raised their target price on Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, Bank of America raised their target price on Hasbro from $51.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Hasbro presently has a consensus rating of “Hold” and an average price target of $62.80.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.